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Can global innovation competitions help unearth the next sustainability solution?

Fanni Daniella Szakal

January 28, 2021 |

Ensia |

Text |

800-1500 Words

Response Location: Kenya, Nairobi

Initiatives set up by NGOs and private-public partnerships aim to make innovation possible around the world and support sustainability entrepreneurs in countries that often don’t have access to those opportunities. The European Institute of Innovation and Technology set up the ClimateLaunchpad competition to provide entrepreneurship coaching and training to clean-tech finalists and the Uplink global platform from the World Economic Forum brings innovators and investors together to support sustainability ideas.

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Planting crops — and carbon, too

Gabriel Popkin Gabriella Demczuk

January 22, 2021 |

The Washington Post |

Multi-Media |

1500-3000 Words

Response Location: United States, Rock Hall, Maryland

Maryland farmer Trey Hill became the first seller in a tech startup’s carbon marketplace, paying him $115,000 for initiating regenerative farming practices. By introducing cover crops, he has been able to sequester about 8,000 tons of carbon in the soil, which then buyers can purchase the credits to offset the carbon they produce. If more farmers get on board, supporters say it can be a tangible solution to curbing climate change.

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The Island Where Everyone Owns the Wind

Andrew Wear

December 25, 2020 |

Reasons to be Cheerful |

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1500-3000 Words

Response Location: Denmark, Samso Island

Denmark’s Samso Island has not only succeeded in generating 100 percent of its electricity from renewable energy - which is the nation’s goal by 2030 - it is now carbon negative. Locals initially pushed back on the idea of loud and unsightly windmills but had a change of heart when part ownership of the turbines was offered. Samso Island’s success in addressing climate change so effectively was a result of civic participation and the opportunity for economic development.

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Tip Me's Digital Tipping Solution Lets You Tip the Workers Who Made Your Clothes

Katia Mullova

December 03, 2020 |

Reset |

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1500-3000 Words

Response Location: Germany

To mitigate the problem of unfair supply chains, Tip Me allows consumers to send money directly to the workers creating the merchandise in factories halfway across the world. Brands pay a fee to sign up for the system "in order to boost their ethical credibility" which provides funding for Tip Me, allowing the company to handle the logistics of getting tips into the hands of those for whom they are intended. Half of all shoppers have used the tipping feature when presented with the opportunity.

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A sustainable refocus helps a historic Chicago community rebuild

Audrey F. Henderson

December 02, 2020 |

Energy News Network |

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1500-3000 Words

Response Location: United States, Chicago, Illinois

Green developement has breathed new life into a once-declining town that suffered from the exodus of manufacturers. A comprehensive 10-year plan revitalized the local economy of Pullman, creating jobs and bringing new manufacturers into its abandoned buildings. Housing, transportation, public safety, and recreation were also part of the plan which was funded by tax increment financing in addition to federal funding and investments from companies located there.

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In a boon for the climate, philanthropists are making it rain for cleantech innovators

Adrienne Day

October 30, 2020 |

Grist |

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800-1500 Words

Response Location: United States

Prime Coalition is financing clean tech startups and climate-focused technologies that often don’t get a lot of funding. These technologies can be expensive to build and don’t generate profits immediately. So far, the public charity has secured $89 million that it has given into 18 energy ventures. “What’s important here is that the climate crisis is such a large-scale problem that we need lots of different types of solutions,” says Sarah Kearney, founder of Prime Coalition, “and so we need to match up right-fit capital to each kind of solution.”

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Shipping containers in Los Angeles becoming homes for the homeless

Paul Vercammen,

October 18, 2020 |

CNN |

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800-1500 Words

Response Location: United States, Los Angeles, California

Recycled shipping containers ae providing affordable housing options to families and veterans experiencing homelessness in Los Angeles. Wraparound services on site help tenants with everything they need to stay housed, such as how to pay rent, access healthcare and find transportation. Container housing has been used in several cities across the country due to the convenience and low construction costs.

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Philanthropies flow funds to climate technologies

Katherine Ellison

October 14, 2020 |

The Washington Post |

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1500-3000 Words

Response Location: United States, Cambridge, Massachusetts

Philanthropies are funding “tough tech” startups that are developing technologies to cut greenhouse gas emissions and mitigate the effects of climate change. Since 2014, the nonprofit Prime Coalition has channeled more than $24 million from wealthy donors and foundations to 10 ventures focused on that goal. Not all of their investments, though, have paid off. Yet, some of these initial investments could lead to widespread solutions to the world’s climate crisis.

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Bitcoin Miner Is Scoring 700% Profits Selling Energy to Grid

Chris Martin

September 01, 2020 |

Bloomberg |

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800-1500 Words

Response Location: United States, Texas

A cryptocurrency mining company in Texas called Layer1 can power down its data-processing centers and sell its unused electricity back to the power grid. Instead of passively consuming energy, they are able to utilize batteries, smart meters, and artificial intelligence software to use more renewable energy and, at the same time, make a profit. While scaling this response can be difficult due to restrictions from utility companies on how consumers get their energy, Layer1 estimates it will save up to $6.7 million annually by cutting production for 30 minutes during some of the hottest days in the summer.

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How investor pressure prompted oil majors to wake up to climate change

Attracta Mooney

August 31, 2020 |

Financial Times |

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800-1500 Words

Response Location: United Kingdom

Due to pressure from shareholders and asset managers to invest sustainably, there has been a rapid growth in environmental, social, and government investing. Assets in sustainable mutual funds globally reached $1 trillion in the second quarter of 2020 and fund managers rolled out 107 new sustainable funds in Europe. Despite this increase in interest, shareholders continue to grapple with balancing sustainable considerations with investment decisions.

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